Essex County Teachers Federal Credit Union
Overview / Commentary
Essex County Teachers Federal Credit Union is headquartered in Bloomfield and is the 80th largest credit union in the state of New Jersey. It is also the 3,680th largest credit union in the nation. It was established in 1936 and as of June of 2018, it had grown to 5 employees and 2,594 members at 1 location. Essex County Teachers Federal Credit Union has a C health rating.
Field of Membership Restrictions
Must be an employee of a board of education in Essex County, the Montclair Police Department or ECTFCU.
See current membership details
Health
C
Data as of Q2 2018
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Essex County Teachers Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1131 |
| Year Chartered | 1936 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 7.16% |
| Annual Interest Income | $269.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $15.3MM$15.0MM |
| Loans | Q2 2018vs Q2 2017 | $7.6MM$7.4MM |
| Deposits | Q2 2018vs Q2 2017 | $14.0MM$13.7MM |
| Equity Capital | Q2 2018vs Q2 2017 | $1.0MM$1.1MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $148.00K$46.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $199.00K$179.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $0$0 |
Rates
Sorry, we do not have rate data for Essex County Teachers Federal Credit Union.
Locations
| Essex County Teachers Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 125 Franklin St | Bloomfield, NJ 07003-5730 |